Mayar General Assembly approves division of nominal value of share to half riyal

Mayar Holding Co. announced on Sunday the Results of the Extraordinary General Assembly Meeting, ( First Meeting ), the division of company’s shares, as following; The nominal value of share before amendment: (10) SR. The nominal value of share after amendment: (0.50) Hallah. Number of shares before amendment: 6,000,000 Share. Number of shares after amendment: 120,000,000 Share.

The Company explained on Tadawul that there is no change in the company’s capital before and after the stock split. Indicated Effective date: If the clause is approved, an effective distribution will be determined among all shareholders of the company who own shares on the day of contracting the extraordinary general assembly and who are registered in the company’s shareholder registry at the Securities Depository Center (Edaa) at the end of the second day and follows the date of contracting the assembly. Uncommon year in which stock split is decided. The cooperation will be applied to share prices starting from the working day following the solidarity agreement, provided that the cooperation will be applied to some shares in one factor on the second day and after that the date of contracting the extraordinary general assembly in which the shares were decided to be divided.